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Thoughts Arising from on the Florida Condo Collapse

Mark Graesser
Publication date:
August 10, 2021
Article Summary: 

The author reflects on the Florida condo collapse incident and its implications on the condo housing phenomenon in the United States. They mention the lack of reserve fund requirements in many states, leading to under-funding for capital needs. Acrimony among owners and board members over fees and costs is common, and high turnover of boards and managers exacerbates the situation. The demand for condos remains high, with some units selling for significant amounts. The deterioration noted at the collapsed condo raises concerns about maintenance and repair history in many U.S. condos. The author expresses gratitude for being part of the Canadian legal framework, which they perceive as more sensible and cooperative.


Florida condo collapse, Champlain South tower, reserve funds, condo fees, maintenance and repair, condo model, Canadian legal framework, U.S. condos, cooperative view, high turnover, under-funding.

Source Citation: 
Mark Graesser
Thoughts Arising from on the Florida Condo Collapse
August 10, 2021
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